What is the GDP of Mongolia?

Mongolia's GDP is approximately $23.8 billion USD. The GDP growth rate is 5.1%.

What is the population of Mongolia?

Mongolia has a population of approximately 3.5 million people. The population growth rate is 1.2%.

What is the inflation rate in Mongolia?

The inflation rate in Mongolia is 6.2%.

What is the unemployment rate in Mongolia?

The unemployment rate in Mongolia is 5.2%.

What is the GDP per capita of Mongolia?

Mongolia's GDP per capita is approximately $6,751 USD.

Is Mongolia a good country to invest in?

Mongolia has an investment score of 38/100, classified as "Caution" risk. Key sectors include Mining, Agriculture, Construction. Credit rating: NR.

How open is Mongolia's economy to trade?

Mongolia's trade openness (trade as % of GDP) is 138%. Exports total approximately $16.4B and imports $16.6B.

What is Mongolia's government debt?

Mongolia's government debt is approximately 43% of GDP. The current account balance is -10.4% of GDP.

How much foreign investment does Mongolia attract?

Foreign direct investment (FDI) in Mongolia is 11.7% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Mongolia?

Mongolia's economy is composed of services (44% of GDP), industry (38% of GDP), and agriculture (7% of GDP).

Can I start a business in Mongolia as a foreigner?

Mongolia offers various options for foreign entrepreneurs. Visit our business setup guide for Mongolia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Mongolia's economy growing?

Mongolia's GDP growth rate is 5.1%. This is above the global average, indicating strong economic momentum.

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Mongolia Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

East Asia & PacificLower MiddleCapital: UlaanbaatarMNG

Caution

Growing

23.8B USD

GDP (Nominal)

Growing at 5.1%

$6,751

GDP Per Capita

Middle income level

3.5M

Population

+1.2% annual growth

High

6.2%

Inflation

Elevated

138%of GDP

Trade Openness

Strong

11.7%of GDP

FDI Inflows

Healthy

43%of GDP

Public Debt

High

5.2%

Unemployment

Deficit

-$0.2B

Trade Balance

GDP

Billion USD, nominal

$23.8B

2024+3.5B

GDP Growth

Annual %

5.1%

2024-2.3%

Inflation

Consumer prices, annual %

6.2%

2024-4.1%

Population

Millions

3.5M

2024+0.0M

Economic Structure

Services44%

Industry38%

Agriculture7%

Investment Score Breakdown

Economic Health (30%)35

Political Safety (25%)42

Business Climate (20%)35

Financial Strength (15%)30

Growth Potential (10%)52

Key Sectors

Mining

28% of GDP

growing

Agriculture

12% of GDP

stable

Construction

6% of GDP

growing

Tourism

3% of GDP

growing

Should I Invest in Mongolia?

CautionSetup: ModerateROI: High

Mongolia scores 38/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 5.5%, offering expanding market opportunity.

Investment Score38/100

GDP Growth5.5%

Inflation8.5%

FDI/GDP6%

Public Debt68%

Political Stability0.4

Strengths

+Strong GDP growth at 5.5% - expanding market opportunity
+High FDI inflows (6% of GDP) - investors are actively entering
+Highly trade-open economy (105%) - global market access

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated inflation (8.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-12%) - currency depreciation risk

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